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Friday, July 10, 2009

Should I Buy Or Rent?

Some people buy a vacation home with the idea of turning it into a permanent retirement home down the road. Others like the tax benefits or wish to expand or diversify their investment portfolio. Owning brings the benefit of having your own place, becoming part of the community, blending into the daily fabric of the area, and living in all its seasons. Ownership brings great benefits, but also the responsibilities of home management and maintenance. Income property, on the other hand, generally must be owned, else turning a profit on it is impossible as it isn't yours to lease or rent.

Credit to US Property..thanks..

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